Posted on 02/11/2009 8:46:40 AM PST by QenBirQeni
The Senate voted Friday to restrict the hiring of foreign workers by banks that are receiving government bailout funds while undergoing vast layoffs.
The legislation by Sens. Bernie Sanders, a Vermont independent, and Charles Grassley, R-Iowa, would require the banks to seek American workers before turning to foreign nationals when they're hiring. It aims to prevent replacement of Americans by foreigners working under the H-1B visa program, which allows employers to bring in workers for high-skilled and advanced-degree jobs.
The measure has a two-year life and if signed into law would apply to the more than 300 banks that are receiving money from the taxpayer-funded Troubled Asset Relief Program.
The Senate added the restriction as part of the massive economic stimulus package lawmakers are crafting as part of President Barack Obama's plan to reinvigorate the economy.
If it becomes law, banks seeking visas to bring in foreign workers would be barred from displacing or replacing American employees for three months before and three months after petitioning the government for the visas.
...
Partial data from the U.S. Bureau of Citizenship and Immigration Services suggests that the banks ultimately got visas for only about one-quarter of the number of workers they initially sought permission to employ. For example, the banks and their subsidiaries filed more than 5,000 visa applications with Labor Department officials during the 2006 budget year. After that step, they ended up with about 1,200 new workers approved by the Citizenship and Immigration agency.
(Excerpt) Read more at google.com ...
Protectionism is not conservative. Protectionism is liberal. It's how liberals secure union votes. I know as well as anyone else that times are tough. I am living it myself. But I am taking the conservative way out.
I take it you didn't frequent FR at that time.
Hey man. I know you’re angry about losing your job. So am I. But I’ll be damned if I take it out on hard working people. If I have to blame anyone it would be Congress!
I know where my allegiance lies. I’m a God fearing man, and I am also an immigrant. I work hard as many people do. I choose America, not hate: I left it back home.
Theoretically they are supposed to be doing that to begin with since H1Bs are supposed to be people with skill sets unavailable in the domestic job pool. So I don't imagine the banks will have any problems fudging their records and keeping their H1Bs.
Was busy then. Fill me in please, if you would?
There. Fixed it for you.
You seem to accept a postmodern view of just what constitutes "protectionism," libh8er. When support for "the free market" in the United States began to morph into support for "free markets" worldwide, it became a reason, the reason for erstwhile "conservatives," to knock down national barriers. Supporting the nation is conservative, libh8er. Destroying it is not.
Append the word “illegal” to the word “immigrant,” and go do a keyword search yourself.
Let the immigrants find work in their own countries. And if my government won’t put my interests FIRST then I will work to see that government either voted out of office or overthrown if necessary. And while I may seem radical right now just wait a year and my voice will absolutely be lost in the chorus.
I know many small businesses here which have employed illegal aliens. But regulators don't care, therefore companies don't care. Thus, illegal immigrants flow in to fill that need for cheap labor.
You’re being sarcastic right, because that comment just doesn’t make sense? Didn’t the Austrians and Germans argue the same before WWI and WWII?
So says you, not exactly a disinterested party. Laws are mere semantics to you, huh? Are you a U. S. citizen, QenBirQeni?
At this time we need a hefty tax disincentive applied to companies that send American jobs offshore or import guest workers.
Bzzzzt. Godwin's Law by inference. You lose.
Awesome, seeing how I worked for a bank, and I, and others, did lose my job, presumably to a H1B, say my sources!
Maybe so, if it were not for the fact that I’m in the middle of reading “The Rise and Fall of the Third Reich.”
Well, congratulations. But, you’re just getting around to that?
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